February 24, 2023 |
ATI Newsletter 2023, Week 8
Crop insurance has proven to be a valuable tool as part of a comprehensive risk management strategy. An updated review of various policy coverage levels and yield scenarios for 2023, however, highlights the limitations of relying solely on crop insurance to manage price risk. This is especially the case when actual yields exceed the APH, which has been seen in some areas. The incorporation of options with crop insurance can help provide protection from the risk of low prices associated with a large crop, while also providing the opportunity to participate in a stronger market. Your Advance Trading advisor can review scenarios for your operation and assist in the development and implementation of a marketing program tailored for your particular set of circumstances.